Outsourced office spaces provider Simpliwork has expanded its footprint to enter the Chennai market.
The company has leased its latest 64,000 square feet centre in Chennai, housed in a development by K Raheja Corp, to credit card and payment solutions provider SBI Cards.
Over the next two years, Simpliwork plans to invest around Rs 650 crore in creating Grade A offices for leading corporates across the country. In the current financial year, Simpliwork said it has registered a 5x growth in turnover as compared to last year.
“Chennai, our latest addition, is a strong economic centre. The city offers immense potential that attracts large enterprises across industries. Simpliwork, with its supply of Grade A flex offices, is looking to capitalise on this trend and set new benchmarks in the outsourced office sector,” Kunal Walia, founder & CEO, Simpliwork said.With rising demand for flexible and modern office spaces, the company targets to double its inventory across India to six million square feet by end 2022. Simpliwork has designed and delivered over 3.4 million sq. ft. of space across Bengaluru, Mumbai, Delhi, Gurgaon, Hyderabad, Pune and Chennai since its launch in 2018. Its clients include the likes of Mastercard, Siemens Healthcare, SBI Cards, Arcesium, OLX, GlobalData, and Lufthansa, among others. This transaction was facilitated by property consultants JLL India.
(With inputs from agencies)